Workplace Pension Schemes - Financing occupational schemes


Financing Occupational Schemes

We can now look at how occupational pension schemes are financed. We cover how the financing of an occupational scheme is set up, the management of pensions contributions and the role of the actuary. We also look at the actuarial valuation report and how benefits are secured. 


1. References

This section relates to Financing Workplace Pension Schemes and can be found in the relevant pages of the RPC Study Manual.

2.Think about it

Many large organisations have announced large deficits in their occupational pension scheme funds.

What do you think the key reasons for these gaps might be?

Write down your answers to structure your understanding/revision.


3. Fact Finding

When setting up the financing of an occupational scheme the trustees and employers will need to seek the advice of an actuary. Can you think of three ways in which you might go about finding an actuary? 

Check your Answers

 

4. Test

You can now check your knowledge by a short test.  Once completed then check your answers against those given.

Financing Occupational Schemes Test

Financing Occupational Schemes Test